Liquidity Risk

RISK

Our Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

LIQUIDITY RISK (LR)

Liquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Global Markets Division, Investment Banking Division, Consumer and Wealth Management Division, Asset Management Division and the broader Risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk taking. Key functions include:

• Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurement
• Regulatory Stress Metrics, Liaison, & Advocacy: Calculation and disclosure of key regulatory stress metrics, guidance and rule interpretation, engagement with global regulators, and policy advocacy
• Risk Limit Governance: Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation
• Analytics: Quantitative analysis to evaluate trends and develop methodologies for risk capture
• Governance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures
• Risk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management
• Active and ongoing engagement with risk taking businesses to understand, monitor, and govern liquidity risk
• Direct engagement with senior management and global regulators regarding material risks, current risk exposures, and limits governance

RESPONSIBILITIES AND QUALIFICATIONS

Job Summary & Responsibilities

• Work closely with LR leadership to develop and implement comprehensive liquidity risk governance frameworks
• Engage directly with the firm’s growing deposit business lines, including corporate cash management, private wealth and consumer banking businesses to understand strategy, assess new activities, and determine appropriate risk methodologies
• Build analytics to quantify liquidity risk of the firm’s deposits under various stress scenarios
• Use engineering and/or scientific background to identify and measure risk

Skills / Expertise

• At least 5+ years of experience in capital markets, preferably in Risk, Treasury, deposit business lines, or other funding-related or regulatory functions
• Strong programming experience in at least one compiled or scripting language (e.g. C, C++, Java, Python)
• Interest in financial markets and risk management, motivated by learning and continuous improvement
• Ability to work independently, form own judgment/opinions, provide insights and drive change
• Proactive with strong analytical, interpersonal and communication skills and ability to build relationships remotely
• Strong verbal and written communication skills
• Ability to interact with and build relationships with people from different departments and levels of seniority

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